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we have to get strategic leadership that says that we need to get this engine and the economy pumping again. neil: do you think, and this is mentioned by mitt romney a lot. you know that you are going to do things differently? dubai that? >> evebody talks about reducing taxes because they want more capital to grow their business. but it's also regulations. businesses are confronted at the township and city level. >> here in chicago, you need 161 licenses to open up the business. >> if you open up a job shop, you have to have a license to give them a bath. it's ridiculous. why can't we consolidate some of these things and reduce the bureaucracy? it isn't about the people collecting anything but a paycheck. neil: they must realize that the more they push this, the more it it endangers the economy and their very jobs are online. >> you would think so, when you? there is a lot of evidence that says those people inside the beltway are living in a bubble. washington dc is the only city in the united states that has had taken continuous growthh >> what about when gas comes down? >> you have
that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments quickly caught fire. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic situation is different. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that the only thing i'm monitoring is the oath that i take when i serve when i'm sworn in this january. >> reporter: gop lawmakers bluntly stating to alert the fiscal cliff, they're ready to break from grover norquist and the pledge he's got most republicans to sign to never raise taxes. norquist waste nod time hitting back on cnn's s"starting point" >> it doesn't pass the laugh test. if you want to go to your voters and say, i promised you this and i'm breaking that problem, you can have that conversation with them. but you don't have an argument with me. you've made a c
. we have history to show that. democrats say the opposite. >> and you stimulate your economy. if you raise rates anddon't cut expenditures, what you are doing is making the fiscal problem that much worse. raising rates is aonetime revenue grab. expenditures is a long-term reduction in. and the reality is, wehave to do a lot more of expenditure reduction than we do increases in revenue. tom: do you think that the democrats and specifically the president would go along with some sort of quid pro quo where for every dollar for every $5 of reduction in spending we will have some sort of formula that raises rates? >> i think that is doable. not raising rates. think raising revenue, meaning put some limits on deductions. but some women on exemptions. but some women on some of these special deals that people have or engage in. i concede that as an avenue through which you can gain more revenue. it comes out to the sam thing. taxes go up. tom: but it's a little easier to sell. >> the promise not to increase tax rates. but none of it, i think, works. unless the white house is serious about so
send the entire world economy into a recession. steve moore is here, senior economics writer at the "wall street journal." he joins us now from washington, d.c. will they prevent it, steve? >> the good news is, no one should ever listen to what they say. but, you know, these go sheesh and keep rolling on. my sources on capitol hill say that there is still a lot of gridlock there. the main thing, in my opinion, can they reach a deal on these taxes that does not require all of the requirements of business to go up? dagen: do think that happened, because again, there are so many taxes that we need to worry about, the lawmakers never fixed it for 2012. if they do not fix that, it will hit 33 million americans. the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix th
and the economy. the industrial revolution -- let me stop and turn to the competition. thank you. [applause] >> i appreciate you doing this and i think it is very interesting that you have drawn these parallels between what is happening in the physical industrial revolution and the previous antecedence, semiconductor revolution, digital revolution as you talk about, one thing i remember from watching the growth of the web, reflected already in the questions coming right up, people are a little bit skeptical that what is happening in hobbyists's garages is relevant to the mass manufacturing and move the needle. i will share one question from the audience. i completely understand the applicability of 3d printing a think you have way overstated what is or will ever be possible with 3d printing. i understand your logic but those who have not read the printed will be disappointed. please comment. >> 3d printers are just one of a whole generation of tools, there are laser cutters and emt machines and embroidery, you buy sewing machine, basically the digital application tool as well. three printers that
cure the economy. the senior editor of "the atlantic" joins us live in the next half hour. he has an interesting perspective. >>> ambassador susan rice heads to capitol hill this morning to mend fences with three republican senators. john mccain, lindsey graham and kelly a at with her information comments made on several networks that played down the role of terrorists in the attack on the u.s. consulate in benghazi, libya, that killed four americans including ambassador chris stevens. rice maintains she made it clear the intelligence information she had at the time was preliminary. senators have threatened to block her nomination if president obama chooses her to be his next secretary of state. >>> and the obama administration responds to the benghazi attack does not get high marks from americans. the results of a new poll out this morning shows a majority of those questioned, 54%, say they are dissatisfied with the administration's handling of the attack. >>> and the body of yasser arafat was exhumed this morning from a mausoleum in the west bank. a team of international scienti
economy by shopping at locally owned stores. the movement is in its third year. and it is growing. according to a new survey 67% of shopper who's know about small business saturday plan to take part in it. that's up 44% from last year. dave, i know this has made you very sad. hollywood is mourning the loss of larry hagman. >> j.r. >> wait a minute. it's your style j.r., my wife and the man who put cliff barnes in office. >> you have got plenty of trouble before y'all got married. i don't understand why you think she has changed. >> hey. stop. knock it off. >> classic. >> legend. >> hagman best known for his role of course as the villain j.r. ewing on his star with dallas. lost his battle with cancer dallas hospital. linda gray had this to say on the star's passing. larry hagman was my best friend for 35 years. he brought joy to everyone he knew. i will miss him enor muresly. >> she was at his side. >> he he was apparently surrounded by family and friends. >> hagman was the son of mary martin. he was also known for his role as major tony nelson in i dream of jeanne, of course, he w
a lot of money in aid, $3 billion a year from the united states and he has a very fragile economy. but i'd like to go back to president obama. and he is getting praise from critics even on the right who saw that his first administration, he himself said that in order to be able to influence israel, that the united states needed to create daylight with israel. well, now it appears that he has reversed that position and his position now is that the united states needs to back israel, and as he said over and over and over, israel has a right to defend itself. >> so israel has elections coming up in january. maria, how do you think this is all going to play out in that election? >> i think that this incident, again, like i said in my first answer to you, netanyahu comes out looking very, very strong. and in fact, his opponent, who was as i understand going to announce a run against netanyahu before all of this started, has now backed down, and now it might be too late for him to announce anything, for anyone to announce rung against netanyahu, and he certainly has been strengthened. he showe
of these mom and pop shops could tell us a lot about the entire economy. we'll take look into the future. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> heather: today is small business saturday. even president obama taking parted, taking his daughters to an independent bookstore in arlington, virginia today. this is why, small businesses are so important to our nation's economy. take a look at these numbers.
, they spent a lot of time thinking about the future. so in the next four years who can i trust on the economy, on social issues and foreign policy. and we live in a country that is even pli divided politically and we have close elections. our victory in 2008 was a landslide. it was clear this election was going to be closer, fwiven the economy and divisions in the country. with that being said, we still won electoral college, maybe not a landslide but a clear majority. our popular vote is 3% which is a healthy margin. and i think the reason we won is people understood where we had been economically. all of you have lived through the recession. this is not something that is an academic theory. everyone painfully lived through the recession. we are beginning to recover from that. the economy has created jobs over 5 fnt 5 million jobs which our economy is far too week but the electorate said i'm beginning to feel some progress. does that mean i'm satisfied? of course not. but i'm beginning to feel some progress and i think people thought it was a risk to go back and try economic policies that le
for the overall health of the economy. but first, mass protests are erupting in egypt after a sudden power grab. in cairo's tahrir square, thousands are chanting for regime change. they say egypt's new president is acting like a dictator. president mohamed morsi granted himself sweeping new powers yesterday, basically morsi now has absolute power for six months. his opponents say he's acting like a new pharaoh. the u.s. state department is calling for calm and encouraging all parties to work together. morsi declared all his laws, all his decrees are final and cannot be overturned or appealed until egypt's new constitution is put in place. just days ago, people around the world were praising morsi for his pivotal role in negotiating the israel/hamas cease-fire. today, protesters set fire to a symbol of morsi's power, the muslim brotherhood headquarters in alexandria, egypt. morsi supporters clashed with protesters there. morsi is defending his new powers, saying he's not taking sides and the steps he took are meant to achieve political and social stability. reza sayah joins us live in cairo. rez
about the economy. >> when does this end? >> we have a plan. we are working on it. >> is getting worse. >> the people on top chose to look away. >> if the transactions are so useful, how come they brought down the financial system? >> my parents fight about money. >> i told my wife, this is not america. it is full of wonderful people. we will see if they can help us. >> it is tough on us. >> i will ask personal questions. do you smoke? curse? >> it is a question that has to be answered. >> you are very friendly. >> what is wrong with you? >> i do get it. >> you are simpletons. >> i ask you a simple question. >> did you think you would get away with that? >> that is an excellent question. >> you are you? >> how many times have you been indicted? >> do you have any friends? >> you have got it wrong. >> how does that make sense? >> what do you think is going on here. >> i am gay and jewish. >> what kind of republican are you? >> afghanistan. >> health care bill. >> the unemployment problem. >> we have got a lot more work to do. >> why is it taking so long? >> when we flew over this, i sai
the other families who have left, you have to talk about the state of the economy. they are not able to find jobs that they used to, and also, it's becoming more and more dangerous to cross the border. not only because of the -- what happens at the border, but because the mexican border states are increasingly under the control of mexican drug cartels, so if you put all of that together, it's creating this situation where mexicans are returning to the united states in record numbers. as a matter of fact, a million mexicans return to mexico between 2005 and 2010. a rate that has want been seen since the 1960s. >> that family finally, do they a desire for their kids to go back when they turn 18, to go back to the united states? is that part of the plan? >> the main problem right now is trying to redefine their life in mexico. luckily, both parents have been able to find jobs. the kids are going to school, so that's not necessarily a case for some of the families who have returned, but the big question now is now what? do we just forget about the life we had, or do we somehow try to apply or ho
for that the economy is finally on the mend? we're going to ask a guy who just might be the best investor ever to walk this earth. how is that for an introduction. >> pretty good. >> warren buffett, glad to have you here. >> all right. an important health warning. if you've having a grapefruit or grapefruit juice for breakfast this morning, it can have serious, even fatal side effects, if you're using certain medications. dr. nancy snyderman will be here to explain that. >> a lot of medications take. like mother, like daughter. anna nicole smith's little girl is modeling for the clothing brand guess just like her mother did. we'll have more on that story. >>> we're also going to tell you about a recent health scare for oprah winfrey. >> we want to begin with cyber monday, big success. diana alvear is live from phoenix at the amazon.com fulfillment center. good morning to you. >> reporter: lots of happy faces on the floor this morning. now that it's clear the consumers were out in full force, shopping with their laptops, their devices, turning amaz amazon.com into their top online destination. whether
did a wonderful job to keep the economy on track, hasn't it? >> greg: opposed to socialnism >> bob: opposed to misguided management. >> dana: even when the employees vote to not be in the union the union does this on their behalf. that is what we're supposed to believe. unions are feeling their oath. if romney would have won, they would have done it as well. the unions are declining so much with people part of them they trying to do what they can. they risk losing in court of public opinion. earlier today, they sat in sixth avenue to proest he had to come to work today. everyone was yelling at him and saying ridiculous. get up and get to work. >> greg: union of one. >> bob: you make a good point. the union membership declined dramatically. i don't know what you are worried about. you a right for a union and collectively bargain. >> greg: we have a right to travel. >> dana: you talk about prime minister benjamin netanyahu would risk going too far and losing support in the international court of public opinion. do you not agree that the union is doing this and to greg's point now eve
, but we have been around the south to understand -- th would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technology and rearch -- this will create the conditns for our growth to be stronger. this is going to get harry. these are big stakes -- the debt ceiling is concern to everyone. it is more amorphous for the average person -- this means if congress does not act, everybody in the country will pay more taxes. think about that -- $2,000 of the pockets of most americans, what that will do to consumption, confidence and small businesses -- this could not be more serious. i remain confident because t stakes are so high. we have a firm deadline. we wilmake some progress. i think what we need to do -- let's go for the big deal, let's go for something that we can say for a 10-20 year period, our country is on the way to sustainable fiscal path. the on the way it gets
gravy and 320 calories. marie callender's. it's time to savor. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >> welcome back. attorney general eric older in the hot seat this time for the handling of the david petraeus affair and the decision not to inform the president about this until after the election. >> we conducted the investigation and we made the determination as we were going through the matter that there was not a threat to national security. had we made the determination that a threat to national security existed we would have made that known to the president and appropriate members on the hill. but was the president really kept in the dark about a potential national security risk
come to a close. to many americans are out of work. our national debt exceeds the size of the economy and threatens to derail our children's future. as a mother, this is a constant worry. yet today we will honor the thanksgiving tradition with wishes of peace and grace. we will pray for those less fortunate. we will think of service members away from home and give thanks for them and their families. our hearts will go out to the families without power after hurricane sandy. we will look ahead to the holidays and a new year. that same spirit of optimism that brings us together today should inspire us all year round. that is why here, in washington, d.c., republicans have reached out to president obama in the hope of working together to help our economy grow and solve the debt that threatens our children's future. the clock is ticking. one month from now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on o
. >>> and concerns of a lack luster economy sure aren't evident this weekend. shoppers screaming and turning out in big numbers to the stores on black friday, leading many analysts to believe post thanksgiving sales will surpass last year's numbers after all. perhaps. online sales are also up a whopping 21% on black friday. then there's power ball fever. and it's spreading across the country. the lottery jackpot is now $325 million. that's the fourth largest jackpot in the game's history. so if you're feeling optimistic, you have until 10:00 p.m. eastern tonight to buy that $2 ticket. >>> and overseas now to egypt, where opposition to president mohamed morsi is growing. for a third straight day, protesters hit the streets demanding he rescind a decree that gives him unlimited power. we get more now from cairo. >> reporter: outrage, clashes, and anguish in tahrir. thousands of angry egyptians back in a public square that has become the arab world's emblem for the democratic right to protest. this was where egyptians demanded the ouster of former president hosni mubarak last year. this time, the f
$2.30 trillion of our gross domestic product, money we could have added to this economy. we are now in a place where we are playing catch-up with countries that used to crave to be like us. it is so bad now that while our university systems are still where they should be in terms of reputation and attainment, no one from other countries want to send their kids over here to our k-12 schools. they do that there and then it they will say, will try some ivy league school. we need to seriously look at, what is it going to take to change that dynamic. in recent days, we have heard about the teachers' strike. i think that the big challenge we have, if we put ourselves in these partisan boxes and we force people when we talk about education to take sides -- the side that is never adequately represented in these discussions is kids. i just posted on my blog, i said, okay, how will it teachers' strike in chicago help kids? i got all these responses from people who love teachers, people who are mad at teachers. i had 40 people just immediately respond. no one answered that question. they start
and courtroom confidence numbers are looking pretty good. how critical is this moment in time to our economy? >> overall black friday weekend can account for up 120% of holiday season sales. consumers are always pro procrastinateor procrastinators. >> is this a big time >> it's important for retailers. >> we're building up to the fiscal cliff. how will that affect how retailers treat this holiday season? >> they are manage very carefully. if one thing came out of the recession they know how to manage. for holiday 2012 retailers bought less inventory. yes, there are discounts and they planned carefully for them but you may not have what you want if you wait too long. >> are retailers worried shoppers may spend less because they hear talk about the fiscal cliff and taxes going sfup >> that's allocated to the high end or lower income. when retailers look for they manage those high end income inventories and it's january or february. if there's discussions about it that's definitely a concern for christmas. >> we heard about the protests on walmart. they said it was bene
is going on with our economy, that really tears my heart up. tax me, i don't care. >> bill: you don't care if you paid more taxes? >> i pay my hung gus amount of taxes. >> bill: sure, so do i. >> so do you. >> right. >> bill: do you want to pay 40, 45% which would take you income redistributors. >> if it would help, i would not mind it the thing is it won't help. the more money they get the more they will spend. >> bill: i have got to see it's doing some good. you have a foundation and i have a foundation. we give money privately to those we know. wounded warriors, fishers out. chuck, thanks for coming and good to see you again. >> thank you, bill. >> bill: would you call yourself a conservative now. >> i have become conservative on, you know, because of the position that we're in right now. >> financial position? things like that. >> certainly financial. you know, i have always said if you were going to wear badge sheriff. >> of the world? >> yes. the of the world then you better act like wyatt earth. >> that puts you in the minority in hollywood. >> i guess so. >> bill: fear on some acto
that help the economy, and the deficit. raising the ceiling on the debt. my feeing is they probably can go past january 1 but not far past it. and still not fall off the cliff. around january 15th. >> so now if there are to be some real groundwork laid by congress as they return after the holiday weekend, what really needs to get done, if we look at over the next six weeks, even though you say we've got past january 1, what should they try to accomplish this week? >> well, i think they need to start to spell out spending cuts. i mean, the president has made clear what he wanted in the way of additional revenue and there are a couple of different ways of getting there. now the president has to talk about the spending cuts that he is willing to accept. he needs to give republicans cover to come on board. right now, the list of republicans that are willing to come on board is very short. and he's just not going to get there with that list. he needs to talk specifically about how he's going to deal with entitlements. >> and then what happens to the average american family? if we were to go ove
for the demands of the -- training that they need for the modern economy? >> it is available. we can do better. we can structure some of those programs better so that individuals who stars school have the support mechanisms to finish an associate's degree or bachelor's degree if that is their goal. we can do better at that. there are well intentioned programs that are not quite efficient or effective as i hope there will be in the future. >> at the wharton school of business and the university of iowa -- it offers in-state tuition for returning veterans. what is the impact on the present -- campus? the president said we have 200 of them. they have lifted the entire campus. as someone who went through the university of iowa -- i could have used that kind of mentoring and leadership. we do not have to go do that again. [laughter] that is value added when these young men and women come back and into an academic or training program of some kind. >> i could not agree more. at the city college of new york, we had a specific program at the powell center that i am happy to have named after me. we take in
and others, are they getting the kind of training they need in this economy? >> i think it's available. i think we can do better with it. there are some facts like completion rates for gi bill education are not as high as they ought to be. i think we can structure some of those programs a little better so individuals who start school have the kind of support mechanisms to be built to finish either an associate's degree or bachelor's degree, if that is their goal. but we can do better at that. there are well-intentioned programs that are not quite as efficient or effective at this point. >> the wharton school of business and the university of iowa, the university of iowa offers in-state tuition to returning veterans. i ask the president what's the impact on the campus? he said beyond my ability to describe. i could have used that kind of mentoring and leadership at one. -- one point as a graduate of iowa. when these young and women come back and enter an academic or training program of some kind, we need this. >> i cannot agree more. city college of new york, mike alma mater, we had a spec
us. come shop at our places, too. >> i hope not. they're an important part of our economy, right? >> that's a good point. small businesses are creating the lions share of jobs in this country. adding 50,000 employees in october. you look at the october jobs report. the government said private employers added 184,000 job. yeah, that's a sizeable number. we're seeing that momentum pick up over the past year. besides the jobs factor there's also a human element out there. not only are you keeping local communities afloat by shopping at these local stores, there's kind of a camaraderie when you walk into a locally owned family business and everybody knows your name and they want to help you. you're not just going in, sliding your credit card and walking out and feeling like just a number. you feel like you're actually welcomed into the store and you're helped personally. >> absolutely. that is a good part of being a small business person and relating to your customers in a warmer, more intimate way. alison kosik live at the new york stock exchange. thank you. >>> new twist on a very
the economy. and so he is trying to do this by this political move he's made that is now being contested. >> ambassador edward, thank you so much for your time. appreciate it. >> my pleasure, fred. >> all right. i guess you could call it divine intervention. an oklahoma teen is sentenced to church instead of prison for a fatal dui crash. our legal guys praise the judge for this decision in they'll be weighing in. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> a maryland law goes before the supreme court in february, what happens there could affect more than half the country. let's bring in our legal guys avery freeman, civil rights attorney and law professor in cleveland g to see you. >> hello. >> richard herman, a new york attorney from las vegas as well.
the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ for you, british spies are stunned. this was found in a chimney in england, carrying a coded message. the british intelligence, the intelligence agency known as gchq has sent the bird to the pigeon museum, hoping to trace the origin. they have not been able to read the message yet, but they say it is a tribute to the coding sk l skills. they delivered messages from mainland europe. >>> appearance, but it did nothing to change her fighting spirit. now a triathlete, melissa stockwell, a purple heart recipient inspires others to live their lives without limits. her amazing journey in this "welcome home." >> reporter: april 13th, 2004, is a date melissa stockwell will never forget. >> it was the last day i ever stood on my own two legs. i was part of the u.s. army and it was a routine convoy through central baghdad. ten minutes into the ride we went under this bridge and this big explosion go
$for $500 million but officials say as the economy goes south often lottery sales go north. if you have a little bit you have big dreams and weirdly a factor that hurts sales is gas prices. you pay $80 at the pump you are less likely to throw down $2 for a ticket but right now she says sales are strong. >> the lines are so long we are selling in new york, $500,000 per hour and that is now the day before, imagine tomorrow, we will probably be going $1 million in sales an hour. >>trace: it is in 42 states and washington, dc and the virgin islands. >>shepard: we love you. if a knocker wins we want her on the program. >>trace: absolutely. done. >>shepard: you all watch it, don't you? a message from the teenage star of "2 1/2 men." why he is telling people to stop watching the show that made him a millionaire child. maybe because he's a child. wo. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ hut! go! here it comes! ri
these decisions, and in january, we'll see an economy that will take off. we can focus on the greatness of this country january 1st if we'll go ahead and do the work that we all know we have plenty of time to get done this year. >> senator corker norah o'donnell. >> let's talk about the specifics of your plan. everybody acknowledges you need about $4 trillion in deficit reductions. you don't want to raise taxes, additional revenue by simply capping deductions at $50,000. >> right. >> independent analysis by the tax policy center says that only gets you about $760 billion. it's not enough money. how do you get more revenue? >> well the package that i've laid out has over $1 trillion in revenues that has the 750 you just alluded to but we also do chained cpi, and in that you not only reduce the rate which benefits growth but moves people into brackets more quickly. also social security was set up to capture 90% of the wages in our country. now it's at 84%. move that up gradually through 2050, it generates a lot more revenue. there's over $1 trillion in this package,
-pinching scrooge when they wanted beneficent santa claus. >> we had katrina. we had a down economy. now we got the spill. you can't tell me one person that has not suffered. why don't you open up the purse strings? >> here's my answer. [applause] don't trust my words. my words--you've heard a lot of talk. let's just see, over the next few weeks and months, have i delivered on my promise to help people in mississippi? >> ever since the deepwater horizon blew, it was clear that this was a disaster in the making. the fishing industry came to a stop. tourism was wrecked. the livelihoods of hundreds of thousands, anyone who was dependent on these waters, were in deep jeopardy. under pressure from the federal government, bp agreed to create a victims compensation fund. both bp and the white house wanted one man, ken feinberg, to administer it. >> i felt that if asked, i should step up and try and help as best i can. >> what is it about ken feinberg that makes him the nation's arbiter of impossible decisions? >> i think there's something that experience brings to the table in terms of getting these p
a way to avoid that so called fiscal cliff that could raise your taxes and throw the economy back into recession. kristen welker is in our washington bureau. good morning. >> reporter: president obama is also facing a number of challenges overseas, as you say, from the unrest in the middle east to the continuing fallout over the attack on the u.s. consulate in benghazi. but the fiscal cliff looms large. president obama returning from a post-thanksgiving round of golf, but off the links, the clock is ticking. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes. president obama wants to let the bush era tax cuts expire for the wealthiest americans. many repu
with the bad for the economy and would be a source of social conflict. so we created a vast policy innovation called the g.i. bill. i think we need something that is an encore bill to help tens of millions who are crossing different terrain. it's not geographic. it's not from military service disability and life but it's really a stage in life that has no name, that has few pathways and institutions, but in the same way that we are deeply invested in those soldiers finding their footing. the same is true of all these millions and millions of people today who are in this period that is between life resembling retirement and old age. i would like to see us do it in a way that promotes social mobility. this wonderful example, the troops and teachers program which helps, to go back to the g.i. bill analogy, would help mostly sergeants coming back from the gulf war, moving the ball for school teaching. it was created by an 86-year-old retired history professor at washington university who watched a youth account of soldiers coming back from the first iraq war who were having trouble getting their
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ yeah, i might have ears like a rabbit... but i want to eat meat! [ male announcer ] iams knows dogs love meat. ...but most dry foods add plant protein, like gluten iams never adds gluten. iams adds 50% more animal protein, [ dog 2 ] look at me! i'm a lean, mean flying machine [ dog 1 ] i am too! woo hoo! [ male announcer ] iams. with 50% more animal protein. [ dog 2 ] i'm an iams dog for life. not a rabbit. woof! >> osgood: take a good, quick look. serving of gelato doesn't last long under hot studio lights nor does a serving last long when it's placed before anyone with a sweet tooth. alan pizzey found plenty of those in the city that's the birth place of gelato. >> reporter: the fat one may seem an unflattering nickname for a city with the oldest university in europe, but it is actually a compliment. bologna is the gastronomic heart of italy, the place where food is an art form. and nothing epitomizes it like the dell he's
. >> not at the moment. >> can you get him for 10? >> 15. i think in this economy, 15 for 2 days' work, is pretty good to mickey. >> the whole movie is set on the backdrop of the economic breakdown. it's not subtle, the parallels that the film makes between the mob world and the world at large. >> that wasn't accidental. he poses it against the financial crisis, the bank bailout and the '08 election. and it makes for a provocative material. >> so, you have a birthday coming up. >> yeah. in a month. >> and next year's the big one, when you turn -- >> 50. >> 50. have you given any thought to that? >> yeah. i've given a lot of thought to it. >> i just turned 50. so -- >> you become very aware of time. and i think becoming a father, you become -- everything is time allocation for me, too. making sure i spend the time wisely on the things that are important to me. and spending the time with the family. >> best part about it? >> mornings, just getting up. >> if you call one place home, is it new orleans? >> we call them base camps, basically. >> really? >> yeah. >> how many do you have? >> we have a base ca
that small businesses have to our economy, creating half of the private work force and two-thirds of the net new jobs. >> karen, basic question but an important one for consumers going out today. what is a small business? if i'm out shopping, how do i identify it? >> as you walk down main street in the community, many people have people with whom they have relations. it might abdely, a cupcake shop but you can walk in that business on small business start, and they have been preparing for months now. at the small business administration we've had a web page, they have come on and gotten tips so you might see a sign in the door. you might see a shop local. you might see them right out on the corner saying please help us celebrate small business saturday. and we are saying thank you to those people in our community who have done so much. they create jobs, and they support the little league and the girl scouts, so right on saturday i'm going to be walking down main street inri roslindal in boston saying thank you to the community. >> this is the third year you've done it. have you seen tangible
over into the streets, claiming lives and plunging the country's economy into turmoil, and more importantly it is threatening the country's post-revolutionary progress. for a fourth straight night protest efforts attacked the offices of president mohamed morsi's freedom and justice party. the political wing of the muslim brotherhood. demonstrators are angry at president morsmorsi's latest decision, one that's reverting the country to a dictatorship. >> we want a contry of institutions, not symbolized in one person who makes all decisions and nobody can say no. >> reporter: morsi's decree gave him legislative powers and extended the time to write a new constitution by two months. morsi's decisions are beyond judicial challenge and dismissed the attorney general. now the attorney general backed by the country's powerful judges, many appointed by former dictator hosni mubarak, are fighting back. they have called for a nationwide strike in the courtrooms. president morsi and other islamist parties have blamed egypt's judiciary for blocking key reforms. it's why president morsi on fr
ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> the countdown is on. 36 takes until we reach the so-called fiscal cliff. can the president and congress get a deal done? it all depends on working together. a lesson learned by hostage negotiators, high-profile attorneys, and yes, kids on the playground. here's cnn's kyung lah. >> we cannot afford to extend the bush tax cuts for the wealthy. >> 700,000 jobs would be destroyed. >> reporter: two sides, ground into their positions. but they can meet in the middle. just ask tough negotiators outside the beltway. >> i'm the negotiator who knows how to deal with bad guys. >> reporter: he's not talking about politicians. but crooks. literally. trimarco was the fbi's negotiator in high-profile bank who is tamg standoffs. he says he peacefully freed dozens of hostages during his 20 years with the agency. he negotiated seemingly impossible deals and says he never lost a life. you have to plan for everything going wrong as a negotiator. >> yeah. you've got to be ready for it. and to de
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